JS Group Buys Permasteelisa for 600 Million Euros, Il Sole Says

JS Group Corp. (5938), a Japanese housing materials maker, agreed to buy the Italian building group Permasteelisa SpA for about 600 million euros ($871 million), Il Sole 24 Ore reported, without saying how it got the information.

JS Group beat Italy’s Clessidra SGR SpA, a private equity fund which was also running to buy the company, according to the Italian newspaper.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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